Beefy Wrapper is a decentralized, multichain yield optimizer that allows its users to earn compound interest on their crypto holdings. Beefy earns users the highest APYs with safety and efficiency in mind.
Through a set of investment strategies secured and enforced by smart contracts, Beefy automatically maximizes the user rewards from various liquidity pools (LPs), automated market maker (AMM) projects, and other yield-farming opportunities in the DeFi ecosystem.
The main product offered by Beefy Finance are the vaults in which a user stakes their crypto tokens. The investment strategy tied to the vault will automatically increase their deposited token amount by compounding arbitrary yield-farm reward tokens back into their initially deposited asset. Despite the name "vault" suggests, a user's funds are never locked in any vault on Beefy; they can always withdraw at any moment in time.
Zellic conducted a security assessment for Beefy Finance from August 1st to August 2nd, 2023. During this engagement, Zellic reviewed Beefy Wrapper's code for security vulnerabilities, design issues, and general weaknesses in security posture.